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we have trillion-dollar deficits. the cbo says we will have a trillion-dollar deficit the next four years. have you said before you would cut the deficit in half. i love this idea of $4 trillion in cuts, ways to reduce or get closer to a balanced budget, but we show trillion life dollar exe two men on that. welcome back to the university of denver. behind me in the hall, on the debate floor, the people are milling about. now the action is over with bret in spin alley. but first, we want to go to chris wallace, who is in wash wawash with his own take on how the night went. chris? >> reporter: hey. you know, i have been thinking and trying to put it in historical context, what tonight reminded me of more than any other debate, the first kerry/bush debate, where john kerry took the battle to george bush. and bush, the president, seemed very uneasy, didn't seem comfortable and like he wanted to be challenged. that's wha >>> look. i got five boys. i'm used to people saying something that is not always true but keep repeati
we have trillion-dollar deficits. the cbo says we will have a trillion-dollar deficit the next four years. have you said before you would cut the deficit in half. i love this idea of $4 trillion in cuts, ways to reduce or get closer to a balanced budget, but we show trillion life dollar exe two men on that. welcome back to the university of denver. behind me in the hall, on the debate floor, the people are milling about. now the action is over with bret in spin alley. but first, we want to go...
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deficits. they both have a little problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think mitt romney has to do more of that. has he been specific with his plan? he laid five out in the debate, which is more than the president did. that's why independents thought mitt romney did very, very well. >> let me ask you about one of the issues where they differ, medicare. that is a big deal in florida romney says he supports vouchers for medicare, a plan that is not very popular. how does play in florida with all those seniors? >> right now in florida, you've got about 12 million registered voters. 36
deficits. they both have a little problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think...
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Oct 10, 2012
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-- new deficit neutral. no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> paul ryan just days before the debate last week directly contradicted romney. ryan said lowering the tax rates was more important than anything else, including getting rid of those deductions to pay for them supposedly. let's watch. >> what's most important to romney, would he scale back on the 20% tax cut for the wealthy? would he scale back and say, okay, we're going to have to raise taxes for the middle class? i guess the question is what's most important to him in his tax reform plan -- >> keeping tax rates down. by lowering tax rates, people keep more of the next dollar they earn. >> that's more important -- >> that's more importa
-- new deficit neutral. no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> paul ryan just days before the debate last week directly contradicted romney. ryan said lowering the tax...
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Oct 10, 2012
10/12
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in massachusetts. here is why. it keeps lopping off 10%, 15%. we need to move -- use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. this is the place where we have giant planes and take big groups and big equipment and have disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in places like the standing army. we
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in...
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Oct 9, 2012
10/12
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FOXNEWSW
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we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame street" on pay for profit television. my feeling is, if people like warren buffett and people like ted turner feel this is such an important programming, why shouldn't they pay for it? >>neil: the issue here, you know, is what we spending and where we cut back on spending. the argument the liberals give you, maybe we just charge more for what we are spending money on. that gets back to more government, less government, pay month for that government, pay less for that government, and that is the debate. >>guest: pbs is a good example. if it is as valuable as people say, the world woul
we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame...
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Oct 12, 2012
10/12
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we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we cannot estimate speeches. that is what we get, speeches. we are not getting leadership. mitt romney is qualified to fix the problems. his lifetime of experience is, what do we have for a president? he broke his promise to bring people together to solve the biggest problems. i would tell him we do not have to settle for this. >> i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets the congressman has introduced have even serrated all of the things the middle-class has cared about. it will kick 200,000 children off
we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we...
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i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way, though, is that romney has said that he would actually pay for this reduced revenue is by capping itemized deductions, but still so few specifics. i mean, he floated the idea of capping deductions at 17,000 and then floated the idea of capping them at 25,000 or 50,000. don't voters deserve to know and need to know what it is going to be at this point? >> i think he's going to have to give more specifics, certainly. a debate may not be the best platform to give specifics because the answers are supposed to be short and, frankly, randi, he was able to get away with not giving many
i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way,...
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the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge expansion that lasted for decades, a building of the middle class that's the envy of the world or used to be. peter, peter morici, can this feat of rebuilding the middle class and reducing the deficit, can that happen again? >> absolutely, but we have to remember that roosevelt inherited a very small government, so expanding it wasn't the rock on the back of the private sector. a more comparable situation was reag reagan's dilemma, inherited an economy with double digit inflation and interest rates and unemployment that peaked at 10.8%, not 10 as mr. obama's did, but hy he took his stimulus in
the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge...
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Oct 12, 2012
10/12
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get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is a guide who i was talking to a family in massachusetts the other day. their kids of work hid in a car crash. two of them were paralyzed. they went to the same church. mitt asked if he could come over on christmas. he brought his boys and his wife and deaths. i know you are struggling, do not worry about college, i will pay for it. mitt romney does not tell these stories. it was not the cash, he gave his time and he has consistently. this is a man who gave 30% of its income to charity, more of the two of us combined. he is a good man. he cares about 100% of americans in the country. the vice president knows that sometimes the words did not come out of your mouth the right way. [laughter] >> i always say what i mean. >> we want everybody to succeed. we want to get everybody out of poverty. we believe an opportunity. that is what we're go
get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is a guide who i was talking to a family in massachusetts the other day. their kids of work hid in a car crash. two of them were paralyzed. they went to the same church. mitt asked if he could come over on christmas. he brought his boys and his wife and deaths. i know you are...
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Oct 6, 2012
10/12
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FOXNEWS
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number 1, the president's plan to cut the deficit by $4 trillion, that he would return america to tax rates under clinton that the obama medicare says romney's medicare plan would cost $6 million. you can see the whole list here >> sean: you say none of this is true? >> what is amazing, first of all, know only did he do a lousy job in the debate, they threw upon the miserable experience for them, a whole mountain of lies on the american people. they woke up the next day and said, wow, not only did we did a bad job, we lied the whole way through, so we are going on call mitt romney a liar. here's the plan. let's call them a bunch of liars to try to inoculate that problem. this is their tactic-- >>> have you to understand -- >> we know that's the case. >> sean: that's all they had left after this horrific showing by the president. you know, remember, mitt romney's the guy who killed this worker's wife. mitt romney's the guy who never paid taxes. mitt romney wants dirty air and water. paul ryan upons to throw granny over the cliff. they don't care about kids with down's syndrome. the lie
number 1, the president's plan to cut the deficit by $4 trillion, that he would return america to tax rates under clinton that the obama medicare says romney's medicare plan would cost $6 million. you can see the whole list here >> sean: you say none of this is true? >> what is amazing, first of all, know only did he do a lousy job in the debate, they threw upon the miserable experience for them, a whole mountain of lies on the american people. they woke up the next day and said,...
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Oct 6, 2012
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one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. win.thought romney was
one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers....
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Oct 12, 2012
10/12
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get the deficit and debt under control to prevent a debt crisis. make trade in america and sell things overseas and champion small businesses. don't raise taxes on small businesses because they are our job creators. he talks about detroit. mitt romney's a car guy. they keep misquoting hip. let me tell but the mitt romney i know. this is a guy who i was talking to a family in north borough, massachusetts, sherylin mark-nixon. their kids were hit in a car crash, four of them. two of them were paralyzed. the romneys didn't know them. they never met. mitt asked to come over for christmas. he brought his boys, his wife and gifts. later on, he said, i know you are struggling, mark, don't worry about their college, i will pay for it. when mark told me this story -- mitt romney doesn't tell these stories. the nixons told me this story. when he told me the story, it wasn't the cash help, it's that he gave his time and he has consistently. this is a man who gave 30% of his income to charity, more than the two of us combined. mitt romney's good man. he cares
get the deficit and debt under control to prevent a debt crisis. make trade in america and sell things overseas and champion small businesses. don't raise taxes on small businesses because they are our job creators. he talks about detroit. mitt romney's a car guy. they keep misquoting hip. let me tell but the mitt romney i know. this is a guy who i was talking to a family in north borough, massachusetts, sherylin mark-nixon. their kids were hit in a car crash, four of them. two of them were...
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Oct 12, 2012
10/12
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we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we cannot estimate speeches. that is what we get, speeches. we are not getting leadership. mitt romney is qualified to fix the problems. his lifetime of experience is, what do we have for a president? he broke his promise to bring people together to solve the biggest problems. i would tell him we do not have to settle for this. >> i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets the congressman has introduced have even serrated all of the things the middle-class has cared about. it will kick 200,000 children off
we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we...
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Oct 12, 2012
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don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income that is born by the high income earners. keep saying this $5 trillion plan, i suppose, it's been discredited by six other studies and even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this 20%. you have refused, and, again, to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you still working on it and that's why you won't tell voters? >> different than this administration, we actually want to have big bipartisan agreements. you see, i understand -- >> do you have the specifics? do you have the -- know exactly what you're doing? >> look at what ronald reagan and tip o'neill did. they worked together out of a framework to lower tax rates and broaden the base and worked together to fix that. what we're saying is, here's our framework. lower tax rates 20%. we raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopho
don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income that is born by the high income earners. keep saying this $5 trillion plan, i suppose, it's been discredited by six other studies and even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this 20%. you have refused, and, again, to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you...
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Oct 11, 2012
10/12
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. massachusetts. here is why. it keeps lopping off 10%, 15%. we need to use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. giant planes and take big groups disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in the cuts need to be in places like the standing army. we do not need the same size standing army as we did when we were fighting two wars. what we need to do is we
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. massachusetts. here is why. it keeps lopping off 10%, 15%. we...
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Oct 7, 2012
10/12
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WMAR
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governor romney says he will not increase the deficit with his tax cut, will not increase taxes on the middle class, so is he saying that if he cannot come up with enough loopholes and deductions, closing the deductions to pay for the tax cuts, which amount to about $5 trillion he will scale them back? >> what he has said, george, he is going to cut tax rates across the board by 20% and offset those cuts with eliminating deductions and loopholes for the upper income families. >> but there aren't enough deductions to pay for that. >> for the middle class families. you can pay for it. there are six studies that say you can do that. you can broaden the base and lower the rates. that would foster economic growth, and we've done that in the past. there's one study that says that you can -- that uses the word assume or assumption 68 times by liberal think tank and that's what gibbs and others point to. >> if it does turn out that the deductions do not make up for the cost of the tax cuts, does governor romney say he will scale back the tax cuts? >> what he has said is it's going to be -- he'
governor romney says he will not increase the deficit with his tax cut, will not increase taxes on the middle class, so is he saying that if he cannot come up with enough loopholes and deductions, closing the deductions to pay for the tax cuts, which amount to about $5 trillion he will scale them back? >> what he has said, george, he is going to cut tax rates across the board by 20% and offset those cuts with eliminating deductions and loopholes for the upper income families. >> but...
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Oct 10, 2012
10/12
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the new that he was driving our deficit. -- who knew that he was driving our deficit? a new obama campaign at mitt romney campaign week.ent last we have one out of six in poverty, 47 on food stamps, and the s timeent is spending hi saving big bird. i will spend my time talking jobs.saving but the latest polls show both neck-and-neck. you can watch the debate right thursday at 9:00 on abc 7. during that debate, we invite onto wjla.com and you us your instant reaction. >> of former cancer patient is out raged while trying to take a trip to paradise. hear what she said she was do at the airport. i'm barack obama, and i approve this message. "i'm not in favor of a $5 trillion tax cut. that's not my y plan." mitchell: n"the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trushim here... how
the new that he was driving our deficit. -- who knew that he was driving our deficit? a new obama campaign at mitt romney campaign week.ent last we have one out of six in poverty, 47 on food stamps, and the s timeent is spending hi saving big bird. i will spend my time talking jobs.saving but the latest polls show both neck-and-neck. you can watch the debate right thursday at 9:00 on abc 7. during that debate, we invite onto wjla.com and you us your instant reaction. >> of former cancer...
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Oct 6, 2012
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you have a theory that you try and fix things in the economy, get a more efficient tax code, get the deficit down over time. that that will help you. when you give them truth serum, you're talk and you off the record, the disruption might be tough for the first few months. but they would argue that the longer term, since we're on the right track would be worth it. that's not an argument you see in the debates. it's not the way the argument gets framed. but that's the core ideological dispute in the election. >> on the other side that's been surprising is president obama, they don't talk about their big idea on the jobs. they don't talk about the jobs act. they didn't bring it up in the debates. why do you think that is? because that is a big responsive, a big idea on jobs here. >> there's a great new book called the "new new deal" about the stimulus that came out in 2009 and was almost $8 hundred billion saying it was a great success. it did a lot of things to help this recession from being worse. it's something that the president's political advisers, they do the polling. it does not resona
you have a theory that you try and fix things in the economy, get a more efficient tax code, get the deficit down over time. that that will help you. when you give them truth serum, you're talk and you off the record, the disruption might be tough for the first few months. but they would argue that the longer term, since we're on the right track would be worth it. that's not an argument you see in the debates. it's not the way the argument gets framed. but that's the core ideological dispute in...
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Oct 10, 2012
10/12
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CNNW
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as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment in this country, and you can do a lot of this by generating growth, getting rid of deductions, getting rid of a lot of the credits, getting rid of a lot of the loopholes and that is the plan he will put forward to congress. >> here's the thing. dan, here's the thing. nobody disputes that he intends to do some of this. what we don't know is how he intends to do it, and the specifics and until we get that, i think barack obama is perfectly entitled at the next two debates to take him on it, say hang on, you're cutting taxes by $5 trillion but what are you actually going to do to make up the $5
as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment...
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Oct 14, 2012
10/12
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they talk to robin nation's debt and deficit. let's hear what mitt romney had to say. [video clip] >> the approach is similar to bowles-simpson. bowles-simpson said to lower the rate to make it possible for small businesses to grow, but we will also limit exemptions. they put up different alternatives. i am open to the ideas they put out in bowles-simpson, that kind of approach. host: mitt romney open to bowles-simpson. guest: anytime you have a blue ribbon commission, especially if it is dealing with massive rearrangement of how the government spends money, it will be a tricky sort of thing for a politician before an election. host: is it a dangerous issue when trying to garner tea party support? guest: i think it is savvy on his part. the bowles-simpson commission was a blue panel. president obama called together. they came up with a lot of hard decisions nobody liked. then he dismissed it and went on his way. i think it could be tricky. i think it is savvy in one respect. mitt romney is running on the idea he will make tough decisions, that he is not going to skip o
they talk to robin nation's debt and deficit. let's hear what mitt romney had to say. [video clip] >> the approach is similar to bowles-simpson. bowles-simpson said to lower the rate to make it possible for small businesses to grow, but we will also limit exemptions. they put up different alternatives. i am open to the ideas they put out in bowles-simpson, that kind of approach. host: mitt romney open to bowles-simpson. guest: anytime you have a blue ribbon commission, especially if it is...
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Oct 12, 2012
10/12
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we have had four budgets, four trillion dollar deficits. we can't keep spending and borrowing like this. we can't be spending money we don't have. leaders run the problems and fix problems. president obama has not put a credible plan on the table in any of his four years to deal with the debt crisis. romney put ideas on the table. we have to tackle the crisis before it tackles us. we asked his budget office, can you see the plan? he gave us a copy of the speech. tell us what president obama's plan is, they say it is a speech. we can't estimate speeches. that is what we get with this administration. the speeches, but no leadership. mitt romney is uniquely qualified to fix these problems. and what do we have? the president broke his big promised to bring people together to solve the country's biggest problems. we don't have to settle for this. i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets have eviscerated all the things the middle class cares about. it will mock 19 million people off of medicare and k
we have had four budgets, four trillion dollar deficits. we can't keep spending and borrowing like this. we can't be spending money we don't have. leaders run the problems and fix problems. president obama has not put a credible plan on the table in any of his four years to deal with the debt crisis. romney put ideas on the table. we have to tackle the crisis before it tackles us. we asked his budget office, can you see the plan? he gave us a copy of the speech. tell us what president obama's...
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Oct 7, 2012
10/12
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adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who goes to college, which means they spend more money. calls for a $5 trillion cut. he is saying he will pay for it deductions. he has been asked how he would deductions. them. when you add up all the loopholes and deductions that all away. you do not come close to paying for $5 trillion. that is why independent studies looking at this said the only way to meet governor romney's deficit or not adding to theclass families. where people at the top are doing well while middle-class families are burdened further, that is not what i believe is a recipe for economic growth. >>
adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who...